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Domains advice

Started by searchcandy, Jul 28, 2022, 10:30 AM

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searchcandyTopic starter

If domain name prices remain steady, a reselling plan and opportunities exist. You can start by working for free initially and gradually increase fees to generate profit without cheating. Is this a profitable and sustainable business?

What other services can be provided alongside it for profitability? Flooding forums alone won't help, so what is the best approach to take? It's important to note that success will require effort and time dedication, despite occasional doubts and questions.
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CreativeDreamrz

While possible to take on any task, doing so may be challenging and not necessarily lucrative. However, incorporating hosting services into your offerings may lead to additional opportunities.
Those who seek other hosting providers are either in search of lower prices or more reliable options. Attempting to rank among the top positions in search engines would prove costly and unlikely to yield significant returns.
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neelseofast

Investment sources for the domain name market can range from personal funds to borrowed capital. However, for resellers, registrar partners, and domain investors, it's best to commence with personal savings rather than loans. The founder's time invested in the business is a valuable investment. For beginners, marketing skills and customer attraction abilities are crucial factors that affect profitability and business prospects. In this industry, the founder's expertise and hands-on approach are significant elements for success.

As for starting points, comparing the primary and secondary markets is impossible as they require different approaches. The primary domain market follows typical retail rules where sales share is proportional to store shelf space and average check size correlates with buyer time spent in the store. In contrast, domaining is a boutique service that necessitates knowledge and trend awareness along with client-finding skills. Therefore, choosing a niche relevant to the individual starting the business is essential.
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Gingagele

Prices ain't exactly "steady" in the domain game. They fluctuate like a bloody yo-yo, and if you ain't keepin' your eyes peeled, you'll find yourself holding onto a domain that's lost half its value. But hey, if you've got a knack for spottin' trends and you're willing to put in the time to learn the market, there's profit to be made.

Now, workin' for free, that's a tough pill to swallow, but it's a necessary evil when you're just startin' out. You gotta build your reputation, and that means swallowin' your pride and doin' some grunt work. But remember, this ain't no charity. You're buildin' a business, not a non-profit, so don't be afraid to start chargin' once you've got some clout.

As for other services, well, you ain't gonna get far just sellin' domains. You gotta diversify, and that means offerin' hosting, email, maybe even web design. But here's the thing, you can't just half-ass it. If you're gonna offer hosting, you better know your way around a server. If you're gonna design websites, you better know your way around a code editor. Half-assed efforts just lead to pissed-off customers and a reputation that's harder to fix than a crаcked screen.

And yeah, flooding forums ain't gonna cut it. You gotta provide value, answer questions, solve problems. Be the go-to guy, the one people turn to when they need help. But don't be that guy who's always pushin' his services. That's a surefire way to get ignored, if not outright hated.

Now, let's talk about sustainability. This ain't no flash-in-the-pan business. It's a long-term game, and that means you gotta be in it for the long haul. You gotta weather the ups and downs, the dry spells and the booms. And yeah, there's gonna be times when you doubt yourself, when you question if it's all worth it. But if you're serious about makin' this work, you gotta push through those doubts. You gotta keep movin' forward, even when it feels like you're walkin' through mud.

And hey, while we're at it, let's talk about success. It ain't all about the money. Yeah, sure, that's a big part of it, but it ain't everything. Success is also about the satisfaction of buildin' somethin' from nothin'. It's about lookin' back and seein' how far you've come. It's about knowin' that you took a chance, and you made it work.
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Fawgeotte

In the realm of domain reselling, starting for free might sound enticing, but it's a slippery slope. Clients often undervalue services that come without a price tag, leading to a lack of respect for your work. Instead of just selling domains, consider bundling services like hosting or branding consultations.

Flooding forums is a rookie mistake; focus on building genuine relationships in niche communities. The domain market is volatile, and if you're not prepared to pivot, your business could crumble. Remember, it's not just about selling; it's about creating lasting partnerships.

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